Faqs - L&T Finance

Topics

Can I use a Doctor Loan calculator for different types of loans?

Yes. By adjusting input parameters, the calculator works for various Business Loan and medical practice loan products.

How is the Doctor Loan interest rate calculated?

It combines yearly rate, loan tenure and principal using the EMI formula. Use our Doctor Loan EMI calculator to get an exact estimate of the interest you pay with your EMIs for Doctor Loan.

Are interest rates for Doctor Loans fixed or floating?

L&T Finance offers fixed rates for Doctor Loans.

How can I get the lowest Doctor Loan interest rate?

Maintain a good credit score, opt for shorter tenure, compare offers and apply during promotional windows.

Does my CIBIL score affect the Doctor Loan interest rate?

Yes. A good CIBIL score reduces perceived risk and can unlock the best interest rate Doctor Loan offers.

What is the processing fee for a Doctor Loan?

The Doctor Loan processing charges are up to 3% of sanctioned amount + applicable taxes at L&T Finance.

How often do Doctor Loan interest rates change?

Rates may be reviewed quarterly or as per regulatory norms. Promotional rates can vary more frequently.

Do co-applicants impact the Doctor Loan interest rate?

Including a co-applicant with a strong credit score may improve eligibility but does not directly alter the base rate.

Need Further Assistance?

Chat instantly with us or request a call.

faq chat

Chat with us

24x7
faq call

Talk to us

9.00 AM - 6.00 PM